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Marubozu

Patterns pattern candlestick classic

A candle with no shadows at either end.

Usage

Indicates total dominance by one side for the entire period.

Background

Candlestick patterns were popularized in the West by Steve Nison in his 1991 book 'Japanese Candlestick Charting Techniques'. These patterns provide a visual representation of market psychology and the balance of power between buyers and sellers at key price levels.

Formula

\text{Pattern Recognition Logic (TA-Lib Internal)}

Source